

Mainnet Messari - Jay Lin Jiele - Partnerships Team at Cronos Labs

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Although separate entities, Cronos and Crypto.com work hand-in-hand to offer users unrivaled service offerings, Jay Lin Jiele said
The common man chain for DeFi Protocols
Built to connect the Ethereum and Cosmos ecosystems, Cronos Chain prides itself as the first Ethereum Virtual Machine (EVM)-compatible blockchain to be deployed on Cosmos.
Since its launch on Nov. 8, 2021, the blockchain has seen steady growth. Over 300 Decentralized Applications (dApps) have been built on it, with over 59 million transactions processed so far, and nearly a million unique addresses used, according to data from Cronos Chain Explorer.

Bridging and EVM compatibility bring together the familiarity of Ethereum wallets and tooling, with the increased performance and lower fees of the Cosmos ecosystem.
The dApps operating on Cronos are a healthy mix of decentralized exchanges (DEXes), non-fungible token (NFT) projects, blockchain bridges, blockchain games, lending and borrowing protocols, and many more.
At the recently concluded Messari Mainnet event, BSC News interviewed Jay Lin Jiele, a member of the partnership teams at Cronos Labs, who offered insights into the nature of the network’s partnership with Crypto.com, Cronos Accelerator Program, and many more.
Cronos network and Crypto.com
With over 50 million users and operational in 90 countries, Crypto.com is a leading cryptocurrency exchange founded in 2016 and based in Singapore.
As a strategic partner with Cronos, Crypto.com provides a platform where its users can easily onboard to Cronos chain through many of Crypto.com’s service offerings. These include its application, the crypto exchange itself, the DeFi wallet, its NFTs platform, and many more. In addition, users can bridge supported assets using the Crypto.com App and Exchange to the Cronos chain.
Commenting on the nature of the relationship between Cronos and Crypto.com,
Jay Lin Jiele explained that:
“Cronos itself is an open-source EVM chain. So, we are a separate entity from Crypto.com. But we have very strong support and close ties with Crypto.com, such that across their (Crypto.com) suite of products, Cronos is always featured. Cronos is one of those chains where as a Crypto.com user with assets on the exchange, you can easily withdraw your assets into Cronos. Also, within the Crypto.com DeFi wallet, which is their non-custodial wallet, Cronos is one of the main chains supported on the wallet itself. In essence, what that means is that Cronos is deeply integrated across the suite of products that Crypto.com has.
Commenting further on how the partnership benefits Crypto.com as well, Jay Lin Jiele pointed out that:
“We work closely with Crypto.com such that when we see a project that has a huge potential when listed on its exchange, we recommend such project and set up initial introductions between the parties.”
The Cronos Accelerator Program
On June 7, Cronos Chain launched the Cronos Accelerator Program. Funded by the $100 million Cronos Labs Ecosystem Fund, the accelerator program is a 10-week program wherein the projects accepted meet with reputable project builders within the Cronos ecosystem. Builders collaborate through weekly workshops led by Cronos Labs and external subject matter experts on various topics as they concern the projects being built.
As confirmed by Jay Lin, during the 10-week program, selected projects go through multiple workshops that touch on various parts of building and promoting a protocol, such as web3 marketing, protocol governance, technical aspects of building on Cronos, go-to-market strategies, and tokenomics.
Of the 300+ dApps across a variety of DeFi, Web3 Gaming, and infrastructure projects that applied to be a part of the first cohort of the accelerator program, only nine projects were selected. They included D.G.Pals, Eyeball Pool, Harbor, The New Resistance, Wild Forest, Bubble Maps, Meshlink, ReferReach, and Glass Finance.
On what these projects stand to gain from the accelerator program, Jay Lin said:
“Projects get mentorship from various partners of a number of venture capital funds. They will come in to essentially mentor these projects. For example, we have recently worked with Mechanism capital, Crypto.com Capital, and Spartan capital. Essentially, the aim of the program is to connect you with strong mentors and strong partners that can add value to your project.”
At the end of the program, a demo day is organized where the projects in the accelerator program pitch their project ideas to invited VC partners. The virtual demo day for the nine projects in the first cohort of the accelerator program took place on 5 October.
On how the funds will be allocated to deserving projects, Jay Lin told BSC News:
“It will be strategic investments. If we see that a project has the potential to really scale up the chain (Cronos) itself, we definitely want to align with long-term incentives and long-term support. This will be done through early-stage investment and subsequent running investments into such a project. In case we believe that investing directly in a project might not be possible, we offer milestone-based grants based on specific kinds of key metrics.”
Going forward, there will be an average of 3–4 cohorts per year. Projects looking to be a part of the Cronos Acceleration Program can keep an eye out for when applications are opened for the next cohort.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Shift In Buying Momentum: Investor Interest Rises In Pullix ($PLX) Over Solana (SOL) and Polkadot (DOT)

Solana (SOL) and Polkadot (DOT) have come a long way in 2023, each seeing some investor activity. However, Pillux, an upcoming DeFi platform, is looking more profitable in the long run for investors.
Solana (SOL) and Polkadot (POL) are among the top 20 cryptocurrencies by market capitalization and are two altcoins pulling the attention of investors looking to quadruple their profits. But there's another coin that is quickly becoming a top pick for investors, amassing a range of remarkable features that set the scene for it to be one of the best new cryptos to invest in as the crypto market shows more excitement. In this piece, let's find out why Pullix is gaining more interest than Solana and Polkadot.
Pullix ($PLX): Assets Diversification and Liquidity Provision Rallying Investors
Pullix ($PLX) is a highly promising cryptocurrency project set to revolutionize the trading landscape by offering a comprehensive range of assets, including commodities, ETFs, and forex, rarely found in traditional platforms. Distinguishing itself from the norm, Pullix implements a fee structure with zero commission fees and visible tight spreads, enhancing overall profitability for traders, aligning with decentralized finance (DeFi) principles.
Playing a pivotal role in resolving liquidity issues within the DeFi space, Pullix introduces a liquidity provision, allowing traders to contribute liquidity through its dedicated Market Making Liquidity Contribution feature. Additionally, investors can stake cryptocurrencies like ETH and BTC to enhance liquidity in the order book.
Another interesting feature offered by Pullix is the opportunity for traders to earn a passive monthly income through staking other cryptocurrencies for a fixed period and interest rate. This unique offering sets Pullix apart, as major players like Coinbase or Binance do not currently provide a comparable feature.
Currently trading at $0.04, Pullix positions itself as an attractive investment option for traders seeking a unified platform for seamless trading, rewards accumulation, and wealth enhancement. The $PLX, doubling as both governance token and native asset, acts as a gateway to a host of enticing features, including platform usage, exclusive access, reduced trading fees, rewards unlocking, exchangeability, and staking.
Considering its comprehensive features and a projected 100x surge in price, industry experts anticipate a growing influx of investors that may consider Pullix over Solana and Polkadot.
Solana (SOL) Sees More Bullish Sentiment But Investors Are Careful
Solana (SOL) has seen a surprising price surge to $61 since the start of the year when it traded for $9. However, Solana (SOL) has not maintained this upswing. It is currently worth $61, compared to a high price of $66 on December 6, 2023.
In addition to its surge, SOL caught the crypto market's eyes with its total value locked (TVL) on Solana rising to around $670 million on December 5, according to DefiLlama. This last occurred in November 2022.
Sentiment around the Solana coin is bullish, with analysts saying it could witness an upward climb. InvestAnswers, a prominent crypto analyst, predicts that Solana (SOL) might capture 10% of Ethereum’s market capitalization in the next bull market.
If the Solana price sustains above its current price, the altcoin will continue its climb. Regardless, investors are aware that SOL has been trading under bearish for a week and are being careful. However, the price continues to trade above the pivotal support.
Polkadot (POL) Witnesses 7 Day High Of above 6%, a 10.23% Increase
Polkadot (POL), a layer 0 blockchain focused on interoperability and scalability, rose 10.23% to $6.13 on December 6, after seven days of trading above the $5 mark.
Between November 1 and November 30, Polkadot price (DOT) surged 16% from $4.45 to $5.16. Moreover, between November 23 and November 30, Polkadot (DOT) gained 7% as its price moved from $5.21 to $5.56.
Investors still hold a 41% bearish sentiment for the Polkadot coin, according to experts at Changelly. The coin was outperformed by 60% of the top 100 cryptocurrency assets in one year.
Nevertheless, many analysts hold that the project still possesses potential. They predicted Polkadot (DOT) might reach $7 in December 2023, but some investors aren't entirely keen. This may have contributed to the rise of investors flocking to Pullix as it has a great potential of witnessing a price and value surge once it launches in 2024.
For more information regarding Pullix’s presale, see links below:
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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